Coinbase Launches its Own Venture Fund

Coinbase, the U.S’s largest cryptocurrency exchange that pulls in $$2.7 million a day, will be launching their own venture fund, focusing primarily on early seed stage startup companies aligned with Coinbase's values. First step in this Coinbase fund will be around $15 million. They are not planning to put any money in tokens, as there would be the potential of conflict of interest, but more so "compelling businesses" in the blockchain space.